AMD moves to list on HOSE

HA NOI (VNS) — AMD Investment Group Joint Stock Company (AMD) officially moved to the HCM City Stock Exchange (HOSE) from the Unlisted Public Company Market (UPCOM) on Tuesday.

AMD was originally a consultancy corporation dealing in investment and business administration. Over the years AMD expanded to other sectors such as high-tech, education, commerce and services.

The company also invested in five subsidiaries and two associate companies which have strong and stable positions on the market.

Last year, AMD Group recorded VND477 billion (US$22 million) in total revenue, outstripping last year's plan by 154 per cent.

This year, the company targets a total revenue of VND1 trillion ($46.3 million) and a profit of VND34 billion ($1.57 million), an increase of 52.3 and 47.5 per cent, respectively, over last year.

Nguyen Tien Duc, Director General of AMD Group, said that the company had plans to invest in a complex to develop high technologies and high-quality human resources; connect scientists to the market; and connect technology firms to consumers. — VNS